GBPNZD - is this a crazy bad idea?
GBPNZD looks to be making a pretty solid rising wedge. The real short may not come until 2.16 holds or something, but if I have a wedge break. I'll be aggressive protecting profits for a corrective movement.
But, 2.10 was a 3 year high that has now been broken. So there could be some buying interest once again and longer-term I'm pretty interested in a weaker NZD this year - certainly our pal Wheeler wants it too.
But, 2.10 was a 3 year high that has now been broken. So there could be some buying interest once again and longer-term I'm pretty interested in a weaker NZD this year - certainly our pal Wheeler wants it too.
Chris Pulver
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